Computacenter reports 14 per cent profit drop

Norris: Start of year was challenging

Infrastructure services provider Computacenter has seen half-year profits fall 14.2 per cent to £11m from £12.8m in the same period last year, while revenues increased 7.8 per cent to £1.25bn from £1.16bn.

Second quarter results for the year reflected a significant improvement on first quarter results said Mike Norris, chief executive of Computacenter.

“After a challenging start to the year, we are encouraged by the sales performance we recorded in the first half which is a continuation of the upward trend re-established in 2007," he said. “While much remains to be done, management is confident of achieving its expectations, assuming no material deterioration in market conditions.”

Revenues in the UK were up 5.5 per cent to £708.1m thanks to improved sales to medium-sized enterprises.